TSX:SISMachinery
Savaria (TSX:SIS) Stock Price Nears Highs After Record Margin Beat
The market has been edging into Savaria ahead of these results, with the stock up about 4.4% over the past week to CA$30.40, and only a modest slip over the past month. The headline today is profit strength. Q2 net income reached CA$25.2m on CA$245.8m of revenue, while adjusted EBITDA margin came in at 21.1%, supported by a record 39.6% gross margin.
Short term traders are reacting to a clean beat on profitability. Long term investors will be weighing that margin profile against management’s...